Edmalyn has been engaged in a food vending business for over three years. She wants to grow her business so that she can save for the education of her three children.
Despite the hardship of this job, she patiently and successfully provides for their everyday necessities. She is aiming for high income that would improve their living condition. This motivated her to ask for a loan of PHP 9,000 to buy bananas to make banana chips and banana cue (fried bananas in brown sugar) to sell in the village.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.